Innvotec 6 Llp v Revenue and Customs (Income Tax/Corporation Tax : Relief for Expenditure On Qualifying Film): FTTTx 28 Jan 2019

Income tax – 100% relief for expenditure on qualifying film – s 42 Finance (No 2) Act 1992 and s 48 Finance (No 2) Act 1997 – delay in obtaining certificate as to status of film – whether claim made out of time – alternative claim for subsequent year under s 140 Income Tax (Trading and Other Income) Act 2005 – whether allocation of expenditure to relevant year made out of time – whether valid provisional claim made – whether certification of film by Hungarian authorities under European Convention on Cinematic Co-production sufficient – appeal dismissed

Citations:

[2019] UKFTT 66 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 06 December 2022; Ref: scu.635668